Equinix, Inc. (NASDAQ:EQIX) Shares Bought by First Business Financial Services Inc.

First Business Financial Services Inc. lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 15.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,713 shares of the financial services provider’s stock after acquiring an additional 355 shares during the period. First Business Financial Services Inc.’s holdings in Equinix were worth $2,408,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc lifted its stake in shares of Equinix by 8.1% during the 3rd quarter. CIBC Asset Management Inc now owns 13,987 shares of the financial services provider’s stock worth $12,415,000 after purchasing an additional 1,053 shares during the period. OneDigital Investment Advisors LLC purchased a new stake in shares of Equinix during the 3rd quarter valued at $224,000. ING Groep NV increased its stake in Equinix by 358.2% during the third quarter. ING Groep NV now owns 12,698 shares of the financial services provider’s stock worth $11,271,000 after acquiring an additional 9,927 shares during the last quarter. Nicola Wealth Management LTD. raised its holdings in Equinix by 8.5% in the third quarter. Nicola Wealth Management LTD. now owns 3,301 shares of the financial services provider’s stock valued at $2,930,000 after buying an additional 260 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Equinix by 6.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,670 shares of the financial services provider’s stock worth $2,370,000 after purchasing an additional 161 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Equinix news, EVP Raouf Abdel sold 1,022 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $923.56, for a total transaction of $943,878.32. Following the sale, the executive vice president now directly owns 4,893 shares of the company’s stock, valued at $4,518,979.08. The trade was a 17.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan Lin sold 93 shares of Equinix stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.99, for a total value of $76,352.07. Following the transaction, the executive vice president now owns 7,141 shares in the company, valued at $5,862,689.59. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,654 shares of company stock worth $11,577,656. Insiders own 0.27% of the company’s stock.

Equinix Stock Performance

Shares of EQIX opened at $898.12 on Friday. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $943.02. The stock has a market capitalization of $86.66 billion, a P/E ratio of 80.98, a P/E/G ratio of 2.26 and a beta of 0.71. The firm’s 50 day moving average is $882.45 and its 200-day moving average is $815.17. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be given a dividend of $4.26 per share. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.90%. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EQIX shares. TD Cowen boosted their price objective on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. HSBC raised Equinix from a “hold” rating to a “buy” rating and increased their price target for the company from $865.00 to $1,000.00 in a report on Friday, October 4th. The Goldman Sachs Group increased their target price on Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Evercore ISI upped their price target on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Cfra restated a “hold” rating on shares of Equinix in a research note on Tuesday, September 24th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $944.63.

Equinix Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.